Posts Tagged ‘Inventory Management’

In a part 1 of this blog series, we reviewed the basics of Containerization: Container Types Container Groups Build Templates Containerization as a method in the Wave Template To review part 1, click here. Today we will further explore the discussion and dig deeper into the Containerization functionality. Please remember the Containerization features are available…

So many ERP and Field Operations solutions do not accommodate one of the more common methods of inventory delivery. If you have products with expirations, like food, drugs or other products that must be used by a specific date, more traditional enterprise management software will simply not work for your business model. Microsoft Dynamics 365…

Today’s topic is Container Types. Not to be confused with the technical code-type of a container, but the container used in the warehouse and distribution process to hold the items and “contain” them during shipment to the customer. Containers are defined in AX to represent the boxes, bags, buckets, pallets, rolls, racks, and crates necessary…

While using a First In, First Out (FIFO) inventory management method in Plastic Manufacturing is well known and helps control time based degradation by constantly rotating raw materials, it doesn’t necessarily address differences in raw material quality deterioration associated with this aging. Resin, colorants, and other additives obviously do not have the same properties (different…

Field Operations Enterprises often have inventory spread across wide geographical areas, in remote warehouses, on service vehicles and even in the process of being installed. An accurate depiction of what you have (and where it) is becomes vital to accurate financials. One of the key areas to manage is Inventory Valuation. Whether your valuation method…

It is not unusual for Plastics Manufacturers to offer a Consignment Inventory model as a value added service to customers. Whether it’s due to the: • Tight collaboration necessary in the Supply Chain required by industries like automotive, • Volatile demand in your customer’s industry, • Financial needs of new customers related cash flow or…

One of the key areas to manage is Inventory Valuation. Whether you make molds, extruded sheets or films, bags or other plastic goods, and whether your valuation method is FIFO, LIFO, FEFO or some average or weighted cost, the system must value your inventory according to your business environment and needs. The process must be…

The topic of Negative Inventory has been one of those “chicken or the egg” conversations for a long time. At first blush the answer may seem easy! But as the “what if” scenarios are brought up, the answer becomes a tangled web. Staunch process-base material managers typically say there is no need to ever allow…

Returns are a fact of life in Plastics Manufacturing. Without an ERP in place returns are generally manually managed taking into consideration both the financial business rules and receiving process. Whether you manufacture sheets and films or molded plastic parts, Microsoft’s Dynamics 365 for Operations provides this by: Easily creating a Return Order Linking this…

Microsoft has done it again! Along with the delivery of Dynamics AX 2012 R3 and the numerous functionality bonuses, the use of RF devices to process Return Material Adjustments/Authorizations entered the scene. Once the system setup has been completed in AX 2012 R3, the RMA process on the RF device becomes a few easy scans…